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Tuesday, July 16, 2019 6:17:58 PM EDT

Industrial Production Updated 16-Jul-19 09:54AM ET

Industrial production was unchanged in June ( consensus +0.2%) after increasing an unrevised 0.4% in May.

The total industry capacity utilization rate fell to 77.9% ( consensus 78.2%) from an unrevised 78.1% in May.

Manufacturing production increased 0.4% m/m.

Mining output rose 0.2% m/m.Utilities output declined 3.6% m/m.

Total motor vehicle assemblies ran at a seasonally adjusted annual rate of 11.63 million units versus 11.10 million in May.

On a yr/yr basis, total industrial production was up a modest 1.3%. The capacity utilization rate of 77.9% stands 1.9 percentage points below its long-run average.

The key takeaway from the report is that factory production declined at an annual rate of 2.2% in the second quarter, which was roughly the same pace as in the first quarter.
Industrial Production
Total Index0.0%0.4%-0.5%0.1%-0.5%
Capacity Utilization
Total Industry77.9%78.1%77.9%78.4%78.5%